Oct 24: There was a strong negative Iranian reaction to the Indian attempt to curtail crude offtake from Iran if the Farzad B gas field was not awarded to the ONGC Videsh Ltd.
8India made a final $11 billion take-it-or-leave-it offer to the Iranians for development of the field but Tehran is still pussyfooting on the offer.
8But the situation is changing rapidly again
8The advantage is now turning in favour of India.
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